Company Registration No. 04208734 (England and Wales)
D & T Industries Limited
Unaudited accounts
for the year ended 30 April 2022
D & T Industries Limited
Unaudited accounts
Contents
D & T Industries Limited
Company Information
for the year ended 30 April 2022
Director
Delgarde Ragnar Strowgger
Company Number
04208734 (England and Wales)
Registered Office
Unit 31 Dry Drayton Industries
Scotland Road, Dry Drayton
Cambridge
CB23 8AT
England
Accountants
Balancing Act (Cambridge) Limited
East View Byards Leap
Cranwell
Sleaford
Lincolnshire
NG34 8EY
D & T Industries Limited
Statement of financial position
as at 30 April 2022
Tangible assets
169,586
121,776
Cash at bank and in hand
48,599
56,595
Creditors: amounts falling due within one year
(451,945)
(344,397)
Net current assets
26,412
65,666
Total assets less current liabilities
195,998
187,442
Creditors: amounts falling due after more than one year
(65,000)
(87,321)
Provisions for liabilities
Deferred tax
(32,222)
(18,903)
Called up share capital
100
100
Profit and loss account
98,676
81,118
Shareholders' funds
98,776
81,218
For the year ending 30 April 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 August 2022 and were signed on its behalf by
Delgarde Ragnar Strowgger
Director
Company Registration No. 04208734
D & T Industries Limited
Notes to the Accounts
for the year ended 30 April 2022
D & T Industries Limited is a private company, limited by shares, registered in England and Wales, registration number 04208734. The registered office is Unit 31 Dry Drayton Industries, Scotland Road, Dry Drayton, Cambridge, CB23 8AT, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Revenue from services is recognised when those services are performed. Revenue from sale of goods is recognised when an order is made and a deposit has been taken.
Goodwill, being the amount paid in consideration with the acquisition of a business, is being amortised evenly over its estimated useful life of six years.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
at varying rates on cost
Motor vehicles
20% on cost
Fixtures & fittings
10% on cost
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
D & T Industries Limited
Notes to the Accounts
for the year ended 30 April 2022
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Hire purchase and leasing committments
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 May 2021
108,041
149,350
35,481
292,872
Additions
2,686
112,964
-
115,650
Disposals
-
(65,110)
-
(65,110)
At 30 April 2022
110,727
197,204
35,481
343,412
At 1 May 2021
90,644
70,989
9,463
171,096
Charge for the year
8,082
39,441
3,548
51,071
On disposals
-
(48,341)
-
(48,341)
At 30 April 2022
98,726
62,089
13,011
173,826
At 30 April 2022
12,001
135,115
22,470
169,586
At 30 April 2021
17,397
78,361
26,018
121,776
D & T Industries Limited
Notes to the Accounts
for the year ended 30 April 2022
Amounts falling due within one year
Trade debtors
384,779
308,823
7
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
20,000
20,000
Obligations under finance leases and hire purchase contracts
-
7,647
Trade creditors
100,770
79,760
Taxes and social security
38,329
97,326
Other creditors
12,489
10,881
Loans from directors
45,253
(102,000)
8
Creditors: amounts falling due after more than one year
2022
2021
Obligations under finance leases and hire purchase contracts
-
2,321
During the year ended 30 April 2021 the company received a bank loan of £120,000 under the Coronavirus Business Interruption Loan Scheme (CBILS). The UK Government covered the interest due under the loan agreement for a period of 12 months. Interest is applied at 2.5% per annum.
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Delgarde Ragnar Strowgger
Directors loan account
102,000
(45,253)
102,000
(45,253)
102,000
(45,253)
102,000
(45,253)
Amounts owed by the director are interest free and repayable on demand.
10
Average number of employees
During the year the average number of employees was 14 (2021: 13).
